RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Cyclically Adjusted PB Ratio: 1.58 (As of Aug. 17, 2026) — Near Median

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DHA:RAKCERAMIC RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
67 GF Score
Price BDT30.70
GF Value BDT26.76
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio?

RAK Ceramics (Bangladesh) DHA:RAKCERAMIC 67 Cyclically Adjusted PB Ratio is 1.58 as of Aug. 17, 2026, which is at its 10-year median of 1.58. GuruFocus rates DHA:RAKCERAMIC with a GF Score™ of 67/100 and a GF Value™ of BDT26.76 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,317 Construction companies, RAK Ceramics (Bangladesh) ranks worse than 61.43% on this metric.

As of today (2026-08-17), RAK Ceramics (Bangladesh)'s current share price is BDT30.70. RAK Ceramics (Bangladesh)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT19.39. RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio for today is 1.58.

The historical rank and industry rank for RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

DHA:RAKCERAMIC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.58   Max: 3.06
Current: 1.58

During the past years, RAK Ceramics (Bangladesh)'s highest Cyclically Adjusted PB Ratio was 3.06. The lowest was 0.94. And the median was 1.58.

DHA:RAKCERAMIC's Cyclically Adjusted PB Ratio is ranked worse than
61.43% of 1317 companies
in the Construction industry
Industry Median: 1.16 vs DHA:RAKCERAMIC: 1.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

RAK Ceramics (Bangladesh)'s adjusted book value per share data for the three months ended in Mar. 2026 was BDT14.892. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is BDT19.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RAK Ceramics (Bangladesh)  (DHA:RAKCERAMIC) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio Related Terms


RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio Chart

RAK Ceramics (Bangladesh) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.39 2.32 1.19 1.14

RAK Ceramics (Bangladesh) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.00 1.30 1.14 1.14

DHA:RAKCERAMIC vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio falls into.


DHA:RAKCERAMIC
67GF Score
RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.70/19.39
=1.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RAK Ceramics (Bangladesh)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, RAK Ceramics (Bangladesh)'s adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.892/330.2130*330.2130
=14.892

Current CPI (Mar. 2026) = 330.2130.

RAK Ceramics (Bangladesh) Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.085 241.018 17.927
201609 13.549 241.428 18.532
201612 14.281 241.432 19.533
201703 13.174 243.801 17.843
201706 13.850 244.955 18.671
201709 14.475 246.819 19.366
201712 15.085 246.524 20.206
201803 17.214 249.554 22.778
201806 15.162 251.989 19.869
201809 15.661 252.439 20.486
201812 16.340 251.233 21.477
201903 18.416 254.202 23.923
201906 16.198 256.143 20.882
201909 16.646 256.759 21.408
201912 17.185 256.974 22.083
202003 17.539 258.115 22.438
202006 15.599 257.797 19.981
202009 15.893 260.280 20.163
202012 16.411 260.474 20.805
202103 15.913 264.877 19.838
202106 16.429 271.696 19.967
202109 16.885 274.310 20.326
202112 17.526 278.802 20.758
202203 16.844 287.504 19.346
202206 17.282 296.311 19.259
202209 17.569 296.808 19.546
202212 17.845 296.797 19.854
202303 17.211 301.836 18.829
202306 17.512 305.109 18.953
202309 17.800 307.789 19.097
202312 18.290 306.746 19.689
202403 17.398 312.332 18.394
202406 17.376 314.175 18.263
202409 17.031 315.301 17.836
202412 17.226 315.605 18.023
202503 16.167 319.799 16.693
202506 15.735 322.561 16.108
202509 15.791 324.800 16.054
202512 15.301 324.054 15.592
202603 14.892 330.213 14.892

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.58 mean?
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) has a Cyclically Adjusted PB Ratio of 1.58 as of Aug. 17, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RAK Ceramics (Bangladesh) and its competitors. This is near median its historical median of 1.58. Over the past decade, RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio has ranged from 0.94 to 3.06. According to the industry distribution chart, RAK Ceramics (Bangladesh) ranks #809 out of 1317 companies in the Construction industry, placing it in the top 61.4%.
Is RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio too high?
RAK Ceramics (Bangladesh)'s current Cyclically Adjusted PB Ratio of 1.58 is near median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 3.06. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. RAK Ceramics (Bangladesh)'s value of 1.58 is 36.2% above this industry median. Based on the distribution chart, RAK Ceramics (Bangladesh) ranks #809 out of 1317 companies in the Construction industry, which is below the industry midpoint. Overall, RAK Ceramics (Bangladesh) has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, RAK Ceramics (Bangladesh) ranks #809 out of 1317 companies for Cyclically Adjusted PB Ratio. This places RAK Ceramics (Bangladesh) in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. RAK Ceramics (Bangladesh)'s value of 1.58 is 36.2% above this benchmark. Historically, RAK Ceramics (Bangladesh)'s own Cyclically Adjusted PB Ratio has ranged from 0.94 to 3.06 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 1.16, RAK Ceramics (Bangladesh) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,317 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RAK Ceramics (Bangladesh)'s current Cyclically Adjusted PB Ratio of 1.58 is 36.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on RAK Ceramics (Bangladesh) and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RAK Ceramics (Bangladesh)'s current Cyclically Adjusted PB Ratio is 1.58, which is near median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAK Ceramics (Bangladesh) stock overvalued right now?
Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT26.76, compared to a current price of BDT30.70 — trading 14.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.58, which is near median its 10-year median of 1.58 and 36.2% above the Construction industry median of 1.16. RAK Ceramics (Bangladesh)'s overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC), the current Cyclically Adjusted PB Ratio is 1.58 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Overvalued in 2026?

Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) stock appears to be overvalued. The current stock price of BDT30.70 is trading 14.7% above its estimated GF Value™ of BDT26.76. GuruFocus considers RAK Ceramics (Bangladesh) to be Modestly Overvalued.

Key valuation signals for DHA:RAKCERAMIC:

  • Cyclically Adjusted PB Ratio: 1.58 (near median its 10-year median of 1.58)
  • GF Value™: BDT26.76 vs. price of BDT30.70 (14.7% above fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 36.2% above the Construction median (#809 of 1317)

No single metric tells the full story. See the DHA:RAKCERAMIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RAK Ceramics (Bangladesh) Business Description

Address Plot 1/A Jasimuddin Avenue, RAK Tower, 7th, 8th & 9th Floors, Sector-3, Uttara Model Town, Dhaka, BGD, 1230
RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets, and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security, and services. Substantial revenue for the group is derived from the Ceramics and sanitary ware segment that engages in manufacturing and marketing of ceramic tiles, bathroom sets, and all types of sanitary ware.
67GF Score

Get the complete analysis for DHA:RAKCERAMIC

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT30.70
Price
BDT26.76
GF Value